German automaker Volkswagen has faced a sharp decline in financial performance. At the end of 2025, the company's operating profit more than halved to EUR 8.9 billion.
Compared to the previous year, the figure fell by 53% and was significantly below analysts' expectations. At the same time, the group's revenue remained almost unchanged at around EUR 322 billion.
The company cites several reasons for the deterioration in results. One of the key reasons was the trade duties introduced by the US administration, which have already cost the automaker billions of euros.
The situation in the Chinese market is also putting additional pressure on the business. Despite the fact that China remains the largest market for Volkswagen, local automakers are rapidly strengthening their positions and creating increasingly fierce competition.
Against the backdrop of deteriorating financial results, the group is launching a large-scale savings program. As part of the restructuring, it is planned to reduce costs and optimize business processes.
According to preliminary estimates, the total number of job cuts in the group could reach 50,000 by 2030.
